san fran raises min. wage over $10/hr

[tommymac]

Originally Posted by pauldun170

The more money in the pocket of the worker\consumer the more the seller can charge per unit.

Congratulations!!
You and all your friends now make an extra $2 an hour.
I can now raise the price on that thing you buy because the market can bear the price increase!

Status quo still in place. Only now a $10 bill just got a little ghetto.

The problem the last few years is how all these companies are cutting back due to the recession so no raises for many, but the cost of goods has still risen.

[Particle Man]

Originally Posted by Dave

people really dont understand how this works do they? roll on hyperinflation

Originally Posted by pauldun170

The more money in the pocket of the worker\consumer the more the seller can charge per unit.

Congratulations!!
You and all your friends now make an extra $2 an hour.
I can now raise the price on that thing you buy because the market can bear the price increase!

Status quo still in place. Only now a $10 bill just got a little ghetto.

Yep - sheeple think that dumping more money into the economy is going to solve things. Fuel on the fire.

[pauldun170]

Originally Posted by Particle Man

Yep - sheeple think that dumping more money into the economy is going to solve things. Fuel on the fire.

There are ways to dump money into the economy and have it do something.
Infrastructure projects.

[tommymac]

Originally Posted by pauldun170

There are ways to dump money into the economy and have it do something.
Infrastructure projects.

God knows we need them too. Actualy my side job is on 2 sites improving the NYC infrastructure in that were building awater treatment and UV sterilization plant for NYC drinking water.

[goof2]

Inflation? Can't be! The government says so.

Of course, it could be that the government is terrified that raising interest rates to control inflation (that doesn't exist, don't forget) will light the fuse on another foreclosure bomb. That would also be happening at the same time that the National Association of Realtors realized, whoops!, they've been overestimating housing sales figures by like 20% for the last 5 years. Too bad refusing to raise rates to counter (purely hypothetical) inflation is only likely to make things significantly harder to harness down the line.

[Homeslice]

I haven't seen any "hyper" inflation. Some things, sure, like groceries and utilities, but not everything. Certainly not electronics. And nobody I know who has recently purchased a bike paid any more than people were paying 5-6 years ago. And how about one of the biggest expenses of all, interest on home and car loans? They've been at record lows for years.

[Homeslice]

Daniel Scherotter, chef and owner of Palio D'Asti, an upscale Italian restaurant in the Financial District, said the city's minimum wage hike from $9.92 to $10.24 means that his highest-paid employees — the waiters who make most of their income from tips — will see more money in their pockets while his salaried kitchen staff will have to take the hit.

Does this clown "reporter" not realize that waitstaff are covered by a separate law that allows them to be paid way under minimum wage, because of what they make in tips?

[Tsunami]

Originally Posted by RACER X

Karl Kramer of the San Francisco Living Wage Coalition said a decent wage for a single adult without children in the city would be $15, and that doubles when you have at least one child or more. But like other advocates of better wages, he's still pleased that San Francisco will be the first in the nation to top $10.

$15 an hour equals just over 31k annually. How is that a decent wage for one of the most expensive place to live in the US?

[Particle Man]

Originally Posted by Homeslice

Does this clown "reporter" not realize that waitstaff are covered by a separate law that allows them to be paid way under minimum wage, because of what they make in tips?

Nope.

[Amber Lamps]

Originally Posted by Homeslice

Does this clown "reporter" not realize that waitstaff are covered by a separate law that allows them to be paid way under minimum wage, because of what they make in tips?

Um, I believe that the hourly wage of waitstaff is tied to a percentage of the minimum wage.... Also, the gov't of SF may have a different law in place. The restaurant owner used terms such as 3 or 4 times as much, so perhaps they don't operate the same way.

Aha, so the waiters do make the same hourly minimum wage.... Apparently, they can make around $60,000/year..... waiting tables.....wow..... fuck college!

Yuppie, " I went to college, spent $250,000 and now I make $75,000 /year"

Waitress, " I got my GED, started working 4-6 years sooner and make $60,000 working part time"